Makabayan says fuel cost spike shows failure of oil deregulation law

MANILA, Philippines — The spike in petroleum products’ cost and concerns that companies are selling old stock bought at cheaper prices are proof that the oil deregulation law has failed, lawmakers from the House of Representatives’ Makabayan bloc said on Tuesday. Makabayan, made up of ACT Teachers party-list Rep. Antonio Tinio, Gabriela party-list Rep. Sarah Elago,